Business consolidating loans
Something has to change, and you’re considering debt consolidation because of the allure of one easy payment and the promise of lower interest rates. But the truth is debt consolidation loans and debt settlement companies suck even more. In fact, you end up paying more and staying in debt longer because of so-called consolidation.Get the facts before you consolidate your debt or work with a settlement company.
So, that means you shelled out ,282 , although often the terms are used interchangeably.
So basically, your debt would go from ,000 to ,000–60,000.
If that’s not bad enough, fraudulent debt settlement companies often tell customers to stop making payments on their debts and instead pay the company.
Some companies know holiday shoppers who don’t stick to a budget tend to overspend then panic when the bills start coming in.
And other loan companies will hook you with a low interest rate then inflate the interest rate over time, leaving you with more debt! Your goal should be to get out of debt as fast as you can!